EDE - Eden Innovations

[basilio]

Re: EDE - Eden Energy

And it all seems to be due to a nearology concept where EDE has tenements adjacent to LNCs shale oil story.

LNC has a long term "maybe" story (with at least some drilling to back it up) EDE has ????

(I thought it might be due to some significant development in their carbon nano tubes technology.)

 

[pixel]

Re: EDE - Eden Energy

And it all seems to be due to a nearology concept where EDE has tenements adjacent to LNCs shale oil story.

LNC has a long term "maybe" story (with at least some drilling to back it up) EDE has ????

(I thought it might be due to some significant development in their carbon nano tubes technology.)

Nearology occurred to me only after the breakout; but it doesn't really matter much to me what caused it, as long as I caught it. (Thanks, Mista, for mentioning it in time )
At the break, I quickly checked the chart and bought. It was only afterwards, while I saw it was still climbing, that I checked the background and fundamentals. If it had been the nano tubes, I would have gone along as well; as long as it wasn't simply a pump 'n' dump.
So, now I'm prepared to hold a position into next week and longer. Nice if it were to emulate SIR, SYR, or LNC :

 

[basilio]

Re: EDE - Eden Energy

Glad you did well Pixel !! I seem to have picked everything and bought nothing!

I just can't see how the SP will hold however unless there are some significant reasons for believing the tenements are worth a dollar.

By the way. Eden does hold some prospective ground in UK which I understand they want to sell off. That could also be behind this push ??

http://www.edenenergy.com.au/wales.html

 

[pixel]

Re: EDE - Eden Energy

Glad you did well Pixel !! I seem to have picked everything and bought nothing!

I just can't see how the SP will hold however unless there are some significant reasons for believing the tenements are worth a dollar.

By the way. Eden does hold some prospective ground in UK which I understand they want to sell off. That could also be behind this push ??

http://www.edenenergy.com.au/wales.html

There could be lots of reasons why they "want" to have a high sp, basiliio.
The chart doesn't tell me which is the most credible or applicable.
There's also a peculiar coincidence that two directors drained the only just replenished cash box by $624 for 12 months' "management fees" back-pay. If they did indeed agree to defer payment, one might say that was noble and generous of them - but then, they're directors ffs.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01376020

 

[basilio]

Re: EDE - Eden Energy

Seems like some quick profit taking in EDE today. I think it will need some actual results to hold the recent spike.

 

[daaussie]

Re: EDE - Eden Energy

Hi, Eden I invested in at the IPO stage and have watched this company survive a decade.

It went to nearly $1 at one point without earnings. It now has some remarkable growing earnings according to the released balance sheet, and a diverse outlook on many green tech, land tenements & other tech.

Whilst there may be a trader playing its potential these last 2 days, they may be sorry for not keeping their load if it were to go back to $1 or more. Or it may not be a "play", it could have been noticed for the reasons above by a new larger investor... Time will tell. Now it's 0.024. Anyhow, I do hold it for the longer term, and have my fingers crossed it returns to a mighty high price.

I did look at http://www.asx.com.au/asxpdf/20130124/pdf/42clkg74bh388r.pdf, and do see that the directors took out payment through their company and legal firm, but everyone deserves to be paid, and at least they waited for 12 months before pay. It states they earnt around $624K for the last 12 months and part of this quarter. Many directors of companies get a lot more than this.

Is there anything where they have to disclose what amounts they will be paid in the future?

 

[basilio]

Re: EDE - Eden Energy

Well EDE is starting to move again. Now at .02c!! Up around .06 in a few days

They have sold their shale prospects in UK and maybe some of their technology is starting to bear fruit. We'll see...

 

[basilio]

Re: EDE - Eden Energy

EDE made a strong announcement today regarding their carbon nano tubes technology.
They apparently have developed a product which will improve the strength of cement by 30% with the addition of nano tubes. The technology has been developed through Monash University and seems to be available commercially

Price has risen by .005 to .02 on the strength of the announcement.
http://www.edenenergy.com.au/pdfs/589b6ac514dcda2ca07ff221bb88da68.pdf

 

[Jdog69]

Re: EDE - Eden Energy

Finally this stock has got my interest. It took 8 years of dispelling the hype and now should capitalise on selling the shale assets.......(whilst maintaining a considerable interest in shale energy plc).

 

[pixel]

Re: EDE - Eden Energy

18 months on, and another spurt of interest comes around.
Given the conservativism of the Building Industry, it isn't all that surprising that EdenCrete takes a long time to be accepted. Maybe this is it, but I only believe it when I see it. So far, it's only swing-trading for me.

 

[jbocker]

Re: EDE - Eden Energy

EdenCrete, at last something (tempted to say 'concrete') to boost the value of its shares. It has been a while, this is the last of my green shares that have survived to date. Carbon nanotubes is a bit of a long bow to label the technology 'green' but it did come about as a side product from creating hydrogen for their hythane fuel.

 

[pixel]

Re: EDE - Eden Energy

EdenCrete, at last something (tempted to say 'concrete') to boost the value of its shares. It has been a while, this is the last of my green shares that have survived to date. Carbon nanotubes is a bit of a long bow to label the technology 'green' but it did come about as a side product from creating hydrogen for their hythane fuel.

Apart from an unusually elaborate response to ASX' "Please Explain", there has been no announcement that could explain the renewed interest. Unlike the May rally, the breakout volume lacks conviction.



That said, however, a break of the (psychological) 3c hurdle into 3.1 would give me a Fibonacci target of 3.7c. With that in mind, I'm now holding a little longer. The question remains though: How many of the "sophisticats" that took up the recent 1.9c special, are still holding in expectation of even greater profit?

 

[jbocker]

Re: EDE - Eden Energy

Apart from an unusually elaborate response to ASX' "Please Explain", there has been no announcement that could explain the renewed interest. Unlike the May rally, the breakout volume lacks conviction.

Hi Pixel, What caught my eye in the previous announcement (6 June) was they are currently completing a third project and a fourth is on the books to start soon. The completion of a fourth project then allows them to apply to Dept. of Transport (DOT) for trials to start. With success in that it could open a large potential for Eden's concrete to be a contender for significant road and bridge construction. There are other trials in place where with test results are reported on certain milestone 'number of days'.
I can only think maybe people are anticipating ongoing success in these results and maybe gradually adding to their portfolio. They might be buying not be waiting for the 'announcements'. This was also mentioned in the May 25 announcement and it was behind my decision to pick them in the tipping comp.

 

[pixel]

Re: EDE - Eden Energy

a break of the (psychological) 3c hurdle into 3.1 would give me a Fibonacci target of 3.7c. With that in mind, I'm now holding a little longer. The question remains though: How many of the "sophisticats" that took up the recent 1.9c special, are still holding in expectation of even greater profit?

Last week, the 3c resistance mentioned above seemed to hold. So I took profit.
Oh, the benefits of hindsight!

 

[jbocker]

Re: EDE - Eden Energy

I read the ASX release on this last week and it has been in my head since. Interesting concept, this concrete without reinforcing. If it truly works will this qualify as a disruptive technology? Be interesting to watch the progress of the research which received the ARC grant of $300 000.
From their announcement
"... This research could potentially lead to both the improvement of EdenCreteTM and the development of a long dreamed of goal of producing ultra-high strength concrete that requires little or no steel re-enforcing. Quite apart from the enormous environmental and financial implications, such an outcome would have far reaching implications for the global construction industry. ..."

I hold EDE.

 

[piggybank]

Re: EDE - Eden Energy

Not to mention the numbers of people (steel fixers mainly) who will be out of work. Then of course steel production will go down - not so many resources required - etc

We are now in the second decade of 21st century and there have been a number of studies released in recent times suggesting that technological unemployment is increasing worldwide. At some point in the future, robots will do a larger percentage of the work than humans will do... a sad scenario really.

 

[jbocker]

Re: EDE - Eden Energy

The Investor presentation has obviously triggered a very good reaction in share price. Thinking it would settle down a bit today, I sold a bit this morning to cover original purchase costs. But it has continued to kick on above 8c now.
Phew glad I didn't put the lot out for selling and can continue to hold for the longer term.

 

[Mad Mel]

Re: EDE - Eden Energy

So... did I miss something in the investor presentation announcement? Other than a preliminary budget for a factory, I didn't notice anything that hadn't been previously announced. Much of the presentation was copy/paste from earlier ones (hence the correction announcement, damn copy/paste errors).

Holding EDE... for what seems like forever.

 

[basilio]

Re: EDE - Eden Energy

I'd like to see some projections on potential income from the carbon nano tubes in concrete. It certainly seems to work well but what will be the cost to users and how much will EDE make from the deal.

I am also fascinated at how well well the Directors have done from turning their deferred income into scrip. Looks like a 400+ % bonus. The boys do very well...

 

[jbocker]

Re: EDE - Eden Energy

So... did I miss something in the investor presentation announcement? Other than a preliminary budget for a factory, I didn't notice anything that hadn't been previously announced. Much of the presentation was copy/paste from earlier ones (hence the correction announcement, damn copy/paste errors).

Holding EDE... for what seems like forever.

It was as you wrote, a compilation of what has been said before, the presentation was not directed at any target audience or conference that I could see. So I was pleasantly surprised to see the uplift in price yesterday. I see it has settled back somewhat from todays high of 9.1c.